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I have to admit to being a bit of a gadget freak. I’m drawn to tools and devices that do cool things. And when I discover “cool” includes being a money saver, for me that turns a purchase into an investment with a guaranteed rate of return.

 hand with a calculator. money saving concept.

Here’s a list of eleven gadgets, tools and items I’ve found that can save a lot of money and generally recoup the cost in less than a year. That time frame will vary depending on your specific situation. Your mileage may vary.

You can count on this: Once you’ve recouped the purchase price, these items will continue to save you money—for free!

 

PROGRAMMABLE THERMOSTAT

If you have a central heat and air conditioning system, you need  a programmable thermostat. There are less expensive options available, but a high quality programmable thermostat like the Nest Programmable Thermostat will result in very precise temperature control. You can program it (easy) to automatically lower your air conditioning and/or heat use while you’re not home. Just set it and then forget about it; Nest will automatically adjust things for you so that you aren’t wasting expensive electricity—without any noticeable changes for you and your family.

With just a few manual adjustments, the Nest Thermostat can learn your habits and immediately start saving you money by automatically adjusting the temperature. Nest works with Alexa, which means you have voice control capability as well as the ability to control Nest from your smartphone. Used well, Nest can easily return its cost to you in the first year—making the annual savings free from then on.  About $215.
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